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Affordable
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These days, finding an affordable place to live in the Preemption area can be challenging. Home prices in Preemption are now at a median cost of $227,770, lower than the Illinois average of $300,242.
The average cost of rent is $767/mo in Preemption, primarily driven by the current value of real estate in the Preemption area. In Preemption, 8.54% of households rent, and 38.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preemption is $7,962 per month. Households that rent pay about 9.63% of their income on rent here. Preemption’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sherrard, IL: less expensive homes
- Matherville, IL: less expensive homes
- Reynolds, IL: less expensive homes
- Cable, IL: higher priced homes
- Oak Grove, IL: equally priced homes
- Milan, IL: less expensive homes
- Viola, IL: less expensive homes
- Sunny Hill Estates, IL: higher priced homes
- Warner, IL: higher priced homes
- Hamlet, IL: less expensive homes
Cities with Similar Populations
- Mount Storm, WV: less expensive homes
- Ozan, AR: less expensive homes
- Ormas, IN: equally priced homes
- Nisqually Indian Community, WA: equally priced homes
- Nibbyville, IN: equally priced homes
- Newry, SC: higher priced homes
- Newhope, AR: less expensive homes
- New Petersburg, OH: less expensive homes
- New Berlin, TX: higher priced homes
- New Bavaria, OH: less expensive homes
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